HKA Government Contracting Quarterly Regulatory Update
17th July 2025
Summer 2025
Revolutionary FAR Overhaul
On April 15, 2025, President Donald J. Trump issued Executive Order 14275, Restoring Common Sense to Federal Procurement, to implement a “comprehensive reform of the FAR [Federal Acquisition Regulation].”
Recent Presidential
Executive Orders
During his first few months in office, President Trump signed numerous executive orders that are likely to impact the government contracting community.
DCAA Releases Report to Congress for Fiscal Year 2024
DCAA released its Report to Congress on FY 2024 Activities in June 2025.
DCAA MRD on Contractor Business System
DCAA released an MRD to align audit procedures with new business systems terminology (i.e., replacing “significant deficiency” with “material weakness”).
DCAA Announces Reorganization
On April 7, 2025, DCAA announced a comprehensive reorganization plan designed to reduce costs and improve operational efficiency.
GAO Report on Independent Public Accountants’ Audits of Incurred Cost Submissions
On May 19, 2025, the Government Accountability Office (GAO) released a report addressing DCAA’s use of independent public accountants to perform incurred cost submission audits.
